Can Shiba Inu Repeat Its 2021 Return of 43,800,000%?

If you had invested $2.29 in Shiba Inu (CRYPTO: SHIB) on Jan. 1, 2021, and held on, you would have been a millionaire by the end of the year. It's a return most investors never see in an entire lifetime.

That 43,800,000% gain made the controversial meme token the hottest of all the mainstream cryptocurrencies in 2021. It crushed its big brother Dogecoin (CRYPTO: DOGE), up 3,520% for the year, and Bitcoin, which returned just 62%.

But since hitting its all-time high of $0.000089 in October, Shiba Inu has lost over 69% of its value, trading at $0.000027 today. It might leave some investors wondering whether the steep decline sets the stage for a repeat of the astronomical gain from last year. So, should you buy the dip?

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Source Fool.com